Air New Zealand anticipates strong demand in 2024
Air New Zealand announced on Thursday that it expects strong customer demand in the financial year 2024, after reporting a significant annual profit due to a resurgence in travel and…
Airlines shares hit turbulence on Alaska’s dour forecast, RTX engine problem
U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group and a warning on jet engines by aerospace giant RTX. Investors have been…
Airline stocks set for best month in two years on summer rush, lower fuel prices
U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season.…
Emirates airline reports most profitable year at US$3bil
Dubai’s Emirates Airlines on Thursday said the financial year 2022-23 had been its most profitable so far, reporting an annual profit of 10.9 billion dirhams ($3 billion) and a group…
Q1 revenue increased, Korean Air says
Korean Air’s first fiscal quarter revenue was KRW 3.1959 trillion (US$2.4512 billion), a 14 percent year-on-year rise due to the gradual recovery of travel demand and the ongoing profitability of…
Vietjet reports profit in 1Q thanks to expansion efforts after Covid
Vietjet Aviation JSC has achieved its target revenue and reported a profit in the first quarter of this year thanks to the effort to accelerate operations, expand new flight routes,…
Boeing shares tumble as some MAX deliveries halted, airlines fret over impact
Boeing Co shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its…
American Airlines profit forecast disappoints; shares tumble
American Airlines Group Inc on Wednesday forecasted first-quarter profit below market expectations, joining rival United Airlines in signaling a hit from persistently high labor and fuel costs. The dull outlook…